Hong Kong stocks rallied significantly, led by technology stocks.$Hang Seng Index (800000.HK)$once hiked 473 points to a 5-month high of 17,758 in the afternoon, and closed lifting 366 points or 2.1% at 17,651.$Hang Seng China Enterprises Index (800100.HK)$escalated 149 points or 2.4% to close at 6,269.$Hang Seng TECH Index (800700.HK)$surged 163 points or 4.6% to close at 3,718. Total turnover for the whole day was $157.242 billion, the highest in th...
ZTE's earnings could improve this quarter despite last year's unusual items. Its statutory profit may understate its potential, but understanding the company requires considering more than just these factors.
Analysts downgraded EPS estimates for ZTE, reflecting a sentiment decline post-results. They also lowered revenue estimates, implying ZTE's underperformance compared to the industry. The broad range of price targets indicates the business's future is hard to value accurately.
ZTE's low P/E ratio reflects market expectations of limited future growth. Investors anticipate no pleasant surprises in future earnings, making a significant share price rise unlikely.
102884128 : getting disappointed with this counter. every day drop.